Thumbnail icon for Bank First

Bank First Visa Classic Credit Card

Purchase rate
0% p.a. for 6 months then 12.54% p.a.
Balance transfer rate
0% p.a. for 6 months and then 12.54% p.a.
Annual fees
$0
Interest free days on purchases
55
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Mozo editorial review Bank First Visa Classic Credit Card

Last updated: 2 July 2020.

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What's hot
  • Multiple 2019 Mozo Experts Choice Award winner
  • Low 12.79% purchase rate
  • 0% balance transfer and purchase rate for the first 6 months
What's not
  • $20 late payment fee
  • $2.50 cash advance fee
Mozo snapshot

Taking out a 2019 Mozo Experts Choice Awards for best Low Rate Travel Credit Card and best No Annual Fee Credit Card is Bank First with its budget friendly Visa Classic Credit Card.

Along with its 12.79% purchase rate, you’ll also have no annual fee, up to 55 interest free days and a 0% balance transfer and purchase rate for the first 6 months! So if you’re an Aussie with a frequent spending habit or you just need a piece of plastic to help get you through the day, the Bank First Visa Classic Credit Card may be your answer.

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Key features

The Visa Classic Credit Card will befriend any budget conscious spender, thanks to its no annual fee. If you’re looking to clear debt, you’ll be happy to know that there’s a 0% balance transfer for the first 6 months - which will then become 12.79% after this period has ended. You’ll also have a 0% purchase rate for the first 6 months before the 12.79% rate kicks in. Just remember you need to apply before 31 December 2020 and be approved before 29 January 2021 to qualify for the offer. 

Plus, there's no annual fee so you won't have to cough up hundred of dollars year-on-year. 

If you ever need to postpone paying your full balance, there’s no need to sweat with the minimum repayment amount of $20, or 5%. However, there is a small cash advance fee of $2.50, along with the interest you will be charged, so if you’re someone who always likes to have cash handy, this minor fee could add up over time. And if you’re a frequent traveller or addicted to international online shopping, be sure to budget for the 2.5% foreign exchange margin. 


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Who is it good for

The Visa Classic Credit Card is a great choice for anyone who’s on the hunt for a low rate card with no annual fee, and isn’t interested in any additional extras.

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Any catches

While Bank First aims to provide simplicity with this low rate card, you’ll need to make sure you repay the minimal balance on time, or face the $20 late payment fee. And if you constantly find yourself on international online stores, the 2.5% foreign margin fee may take a swing at your bank account over time.

Details

Rates and fees information correct as at 3 August 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 12.54% p.a.

  • 0% p.a. for 6 months

  • 0% p.a. for 6 months and then 12.54% p.a.

  • none

  • 12.54% p.a.

  • 55

Fees
  • $0.00

  • none

  • none

  • none

  • $20.00

  • $2.50

  • 3.00%

  • $2.00

  • none

  • $0.00

Features
  • $20.00

  • 5.0

  • yes

  • none

Payment options

Apple Pay, Google Pay

Customer Reviews

How are Bank First credit cards rated by the Mozo community?

Overall customer rating
8.5/10
Price
8.1/10
Features
6.6/10
Customer service
8.7/10
Convenience
8.0/10
Trust
9.0/10

Latest reviews of Bank First Visa Classic Credit Card

  • Overall 9/10
    All calls are taken by people either Australian ac

    Great customer relations and any calls I make I can speak to someone with an Australian accept.

    Read full review

    Great customer relations and any calls I make I can speak to someone with an Australian accept.

    Price
    8/10
    Features
    8/10
    Customer service
    10/10
    Convenience
    4/10
    Trust
    10/10
    Less
    Shirley, Victoria reviewed almost 5 years ago
  • Overall 10/10
    Great VTMU service

    Does not have any extras, no fee, very simple, VTMU always ring if they are unsure of a transaction. Very happy with the card.

    Read full review

    Does not have any extras, no fee, very simple, VTMU always ring if they are unsure of a transaction. Very happy with the card.

    Price
    10/10
    Features
    0/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Julie, Victoria reviewed almost 5 years ago
  • Overall 9/10
    They make house calls!

    I like this bank because they know my special interests are also their special interests. The services are competitive and they make house calls.

    Read full review

    I like this bank because they know my special interests are also their special interests. The services are competitive and they make house calls.

    Price
    9/10
    Features
    7/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    10/10
    Less
    Geraldine, Victoria reviewed about 5 years ago
  • Overall 8/10
    Excellent customer service with good rates.

    I can talk to a consultant easily either via phone, online or by visiting the bank. If I visit the bank, I am asked re the issue and within seconds I am speaking to someone. There is usually no lining up or waiting periods to talk to someone.

    Read full review

    I can talk to a consultant easily either via phone, online or by visiting the bank. If I visit the bank, I am asked re the issue and within seconds I am speaking to someone. There is usually no lining up or waiting periods to talk to someone.

    Price
    9/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Sue, Victoria reviewed about 5 years ago
  • Overall 9/10
    Service is excellent and rates are competitive.

    Charges are minimal, and is easy to use. Service is always about helping the customer, not the bank.

    Read full review

    Charges are minimal, and is easy to use. Service is always about helping the customer, not the bank.

    Price
    8/10
    Features
    8/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Kim, Victoria reviewed about 5 years ago
Bank First

About Bank First

Formerly Victoria Teachers Mutual Bank, Bank First is an award winning financial institution with a competitive range of banking products including personal loans, home loans, term deposits and savings accounts. Founded by Australian educators in 1972, Bank First offers all Australians outstanding value but doesn't compromise on service or quality. Best of all, Bank First customers become equal shareholders which means all the benefits are directly returned to you.

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